Fonoa, a Dublin-based tax technology startup, has raised $110 million in a Series C round led by Headline, with participation from new investors Eurazeo and Forestay Capital, alongside existing backers Index Ventures, OMERS, Coatue, and Dawn Capital.
The company also announced the acquisition of Indirect Tax Edge from PwC, a move that comes alongside the new funding round. Together, the capital and acquisition are intended to help Fonoa broaden its platform across the full indirect tax lifecycle, from tax ID validation and real-time tax determination to e-invoicing, reporting, and returns.
Fonoa says it will further develop and integrate Indirect Tax Edge into its modular tax infrastructure and AI layer, while also expanding engineering capacity and accelerating AI-driven product development. The deal reflects continued investor interest in tax compliance software as global businesses face growing regulatory complexity across jurisdictions.
The company also announced the acquisition of Indirect Tax Edge from PwC, a move that comes alongside the new funding round. Together, the capital and acquisition are intended to help Fonoa broaden its platform across the full indirect tax lifecycle, from tax ID validation and real-time tax determination to e-invoicing, reporting, and returns.
Fonoa says it will further develop and integrate Indirect Tax Edge into its modular tax infrastructure and AI layer, while also expanding engineering capacity and accelerating AI-driven product development. The deal reflects continued investor interest in tax compliance software as global businesses face growing regulatory complexity across jurisdictions.